Viavi Solutions Inc. (NASDAQ:VIAV) SVP Sells $149,944.02 in Stock

Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) SVP James L. Veler, Jr. sold 13,807 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $10.86, for a total transaction of $149,944.02. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Viavi Solutions Trading Up 1.2 %

Shares of Viavi Solutions stock traded up $0.13 during midday trading on Wednesday, reaching $10.92. 445,198 shares of the company's stock traded hands, compared to its average volume of 1,695,460. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.18 and a current ratio of 3.55. The company has a market cap of $2.42 billion, a PE ratio of -60.64 and a beta of 0.94. The stock has a 50 day moving average of $11.04 and a 200-day moving average of $10.03. Viavi Solutions Inc. has a 12 month low of $6.60 and a 12 month high of $12.91.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Jefferies Financial Group Inc. purchased a new position in shares of Viavi Solutions during the fourth quarter valued at $2,059,000. Mackenzie Financial Corp raised its position in Viavi Solutions by 117.5% in the fourth quarter. Mackenzie Financial Corp now owns 59,492 shares of the communications equipment provider's stock valued at $601,000 after purchasing an additional 32,145 shares during the period. Neo Ivy Capital Management purchased a new stake in shares of Viavi Solutions in the 4th quarter valued at approximately $188,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Viavi Solutions by 26.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 509,746 shares of the communications equipment provider's stock valued at $5,148,000 after buying an additional 107,917 shares in the last quarter. Finally, Woodline Partners LP boosted its stake in shares of Viavi Solutions by 423.7% during the fourth quarter. Woodline Partners LP now owns 3,435,678 shares of the communications equipment provider's stock worth $34,700,000 after buying an additional 2,779,615 shares during the period. Hedge funds and other institutional investors own 95.54% of the company's stock.

Remove Ads

Analysts Set New Price Targets

A number of equities analysts have issued reports on VIAV shares. Needham & Company LLC raised Viavi Solutions from a "hold" rating to a "buy" rating and set a $15.00 price objective on the stock in a research note on Friday, January 31st. Argus boosted their price target on shares of Viavi Solutions from $13.00 to $16.00 and gave the company a "buy" rating in a report on Wednesday, February 5th. B. Riley lifted their price objective on shares of Viavi Solutions from $10.00 to $12.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Morgan Stanley raised their price objective on shares of Viavi Solutions from $9.50 to $10.00 and gave the company an "underweight" rating in a research report on Friday, January 31st. Finally, Rosenblatt Securities upgraded shares of Viavi Solutions from a "neutral" rating to a "buy" rating and set a $14.00 target price for the company in a research report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $12.72.

Viavi Solutions Company Profile

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.